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The best chart setup for forex traders to use for highest visibility and highest profit potential is having multiple charts on one screen with one common currency. Compare this best in class charting system that leverages individual currencies to any other system to always know what pairs are moving in real time. We will show examples of how to set up the charts for the top 8 most liquid currencies and 28 pairs.

Why Set Up Your Forex Charts This Way?

Individual currencies drive the forex market. Each currency pair has two currencies and you must know the condition of each currency to safely enter trades. Technical indicators are completely flawed and ingnore this simple consideration. With the chart setups presented here traders will set the bar much higher for pip totals they expect to make.

Two Examples Of The Best Chart Setup

We use this chart setup for 8 currencies and a total of 28 different pairs. The examples below are for the CAD and USD pairs but this chart setup can be duplicated for the top 8, most liquid currencies.

Click on the chart images to expand to full screen.

Forex Heatmap CAD Strength

Best Chart Setup For Forex Traders – CAD Pairs

Forex Heatmap USD Strength

Best Chart Setup For Forex Traders – USD Pairs

The chart setups are consistent with our live market indicator, The Forex Heatmap®

Navigation is very fast from currency to currency. Traders can see to up to 7 pairs at a time on one sceen is easy using the hotkeys on your keyboard or via dropdown menu. Hotkeys are Ctrl F5 and Shift F5 keys. Use the smaller time frames plus the live heatmap signals for your trade entry management, then use the higher time frames like the H4 time frame and larger to check to see if the pair you are trading is trending up or down. We have a more complete discussion of what is the best time frame to use in these situations.

How To Set Up These Charts

The charts you see above can be set up using the Metatradr profiles functionality and features. Setting up the metatrader profiles can be done with these instructional videos. You can set up the charts using the lowere time frames for your trade entries to use with The Forex Heatmap. Traders can also use the same chart setup on the larger time frames like the H4 and larger to check the overall trends on the market.

Add Professional Alert Systems

Now you can set up our suite of professional forex alert systems to notify you as to when the market is moving. Whether it is the news calendar or our push alert system, we can notify traders of when the market is moving to spend less time in front of the computer while seeing the movements better on the charting system. Find out more about all of our alert systems and always be informed when the forex market is moving.

Summary and Conclusions: This forex chart setup is the best in class and all forex traders should use it. We present example charts here for two currencies. The same logic applies to 8 currencies and 28 pairs total. This professional, hedge fund quality chart setup will lead to successful trading, and is the most accurate chart setup available. Beginners or experienced traders will gravitate to this charting system and have a great understanding of how to make pips.

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Forex traders need a complete system for online forex trading. This article will provide any trader with a list of criteria that any great forex trading system should have. Traders can use these criteria to validate any online forex trading system. This will ensure that their trading is moving in the right direction quickly, towards profitability. We will provide traders with a list of what they need to screen a trading system, along with showing you what a complete trading system looks like.

When searching the web for an online forex trading system you will mostly find forex brokers and some education providers or coaching for a very large fee. This is not really an online trading system. It is easy to find a broker with web searches, they are all over the internet, this article provides a profitable online trading system that will work with any broker platform. A forex broker platform is not a trading system, it is simply a trade execution system. A trading system will give you everything you need to make profitable trades, regardless of who your broker is. This is what we will show you in this article.

Online Forex Trading System Components

First of all, there are several online forex trading systems to avoid. We would avoid any trading system provided by a broker, which will lead to repetitive trading and scalping. We would also avoid any trading system that is based on technical indicators. We would also avoid any online trading system that could not be easily explained and the details were not clear.

Here is a list of trading system components needed to obtain a goal of successful and profitable online currency trading:

1 – A forex trader would need a method to analyze the entire forex market or any individual pair, thoroughly and accurately. For this we suggest multiple time frame analysis by individual currency. This way a trader could determine if the pair they are considering trading is with or against the major trends of the market. We could also provide traders with a set of trend indicators that can be set up on any charting system. After you have completely analyzed the market trends you could draw up some simple trend based  forex trading plans that are easy to follow.

2 – Alert systems for notifying traders when the overall market or any pair they are monitoring are moving is part of any great trading system. So you spend less time in front of the computer but can still catch the majority of the movements and good trades. An audible alert system combined with a forex news calendar should to the trick. We teach traders how to set forex price alerts. We also have visual alerts on our website to tell you when currencies are moving.

3- Traders would also need criteria for successfully enter trades and get into profitability, so they could move their stops and greatly reduce or eliminate risk trade after trade. Part of any trade entry management system would be clear signals like the ones you see below from The Forex Heatmap®. This is a buy signal for the AUD/CAD, this real time system works for 28 pairs, and the signals are easy to interpret.

Online Forex Trading System – CAD Weakness

4- Written methods to set stops and manage each trade, so traders can capture the pips they make. Money management techniques and determination of profit taking levels on a trade by trade basis should be included in any great online forex trading system.

5 – A full written tutorial and all education details to explain the system, along with some videos, so you have a practical guide to forex trading success with the system. And in case you have questions, an online trading system support like email, Skype, webinars and phone support.

If you can locate an online forex trading system with all of the components listed above, it would greatly reduce difficulties of any trader learning how to trade the forex market profitably. With a system like this you could set up a forex demo account with any broker you wish and begin demo trading almost immediately and working on profit taking techniques prior to going to live lots.

Forexearlywarning Has an Online Forex Trading System

If you are a forex trader looking for a complete online trading system, with all of the components listed above, there is one complete system available from Forexearlywarning. You can use the Forexearlywarning online trading system with any broker you like. We have trend based trading plans, several alert systems, and excellent live indicators like The Forex Heatmap® to validate all of your trade entries. Compare this online system with any one you see on the web and you will determine that this is the best online forex trading system available. The system works for 28 pairs and eight different currencies.

What is the best time frame for forex traders to use is a commonly asked question by traders. Most trading platforms have 9 time frames, like Metatrader. We will review the time frames and the role each time frame plays in the day to day movements, trading cycles, and the formation of long term trends.

The Role of The Time Frames

The time frames on a currency pair serve two functions, smaller time frames can be used for trade entries, and the larger time frames can be used for overall trend and market analysis. Lets get more specific here.

What Is The Best Time Frame For Forex Traders

Time frames used for trade entries: M5, M15. Time frames use for overall market trend analysis: H4, D1, W1. The shorter time frames can be used for managing your trade entries along with our real time  momentum indicator, The Forex Heatmap®.

The Forex Heatmap®

Smaller Time Frames

You can see the shorter time frame here M15 with the live heatmap signals. On this particular day the GBP was strong on all pairs and it drove the EUR/GBP downward. If the EUR/GBP is trending down on the larger time frames like the H4 or larger, you can enter the trade and hold on for more trend based pips to the next support level. The red and green lines on the chart are our free trend indicators, which are a system of exponential moving averages.

Uses For The H1 Time Frame

The H1 time frame is a hybrid and can be used to anchor daytrades or give a heads up on the H4 cycle starting. When you see movement on the smaller time frames and a strong heatmap signals, if the H1 time frame is starting a new cycle we consider this to be a great scenario for a trade. Especially a sharp reversal of direction. If a currency pair is going sideways for a couple of days or more and the H1 time frame breaks in one direction, this could lead to a new H4 or D1 trend forming. So either way the H1 has lots of utility to traders.

What Time Frames Do I Use For Market Analysis

To analyze the forex market you use all of the time frames, this is called multiple time frame analysis or “drilling down the charts”. Straightforward old school chart analysis. You start with the largest time frames and move down to the lower time frames looking for trends, oscillations and breakout points. We also have a great tool called the forex market analysis spreadsheet. This tool should be used on the larger time frames like the H4, D1 and W1 time frames. They you will know what currencies are strong or weak, and what pairs are trending at all  times. Learning multiple time frame analysis will take time, but the rewards will be great.

Forex Market Analysis Spreadsheet

This is what the spreadsheet look like for the USD pairs. You can analyse the USD, CAD, EUR, CHF, GBP, AUD, JPY and NZD pairs with this straight forward tool to determine market direction. It is an excellent tool for creating trading plans also.

Charting Platforms And The Time Frames

Most charting platforms like Metatrader or some of the web based charting systems offer the 9 basic time frames for the various forex pairs, and some offer custom time frames. As long as you can set up the trend indicators in the images above by individual currency and group them together on one screen, like the metatrader profiles, any charting platform will work with the techniques described in this article. Most of the time you can detect trending pairs, ranging pairs, support and resistance levels, or a choppy market by drilling down the charts daily using multiple time frame analysis.

Using The Same Time Frame On Multiple Pairs

If you set up your charts using the metatrader profiles, you can view 7 charts at a time on the small or large time frames. This type of chart setup is only used by less than 1% of forex traders but is by far the most powerful chart setup you can use. You can also navigate quickly 7 charts at a time using the hotkeys on your keyboard. Example, you can view all of the CHF pairs on one screen on any time frame, or the JPY pairs all on one screen for any time frame. This is a lifetime chart setup and you will use it as long as you trade the forex market.

CAD Pairs Signals

Same Time Frame On Multiple Pairs

Setting up your charts this way allows you to view any time frame on any group of pairs. So if you are a daytrader, swing trader or longer term trend traders this chart setup is suitable.

Daytraders use the smaller time frames like the M5 and M15 to monitor the intraday movements and to manage trade entries. If your trading style is swing trading, you can enter on the smaller time frames, then inspect the H4 time frame to see where you are in the overall H4 cycle.

Example Use Case For The Various Time Frames

Please refrence the CAD signals and price movements above. A trader gets a notification that the CAD is strong. They pull up their charts and heatmap and decide to sell the NZD/CAD. In this case they use the heatmap signals and smaller time frames to enter the trade. When the pairs stalls they move their stop to breakeven and scale out half of their lots. Then they inspect the D1 time frame and the trend is down with no nearby support, they decide to hold the NZD/CAD sell position for more trend based pips. This is a good illustration of how to use the various time frames for their intended purpose. No random trade entries or hold decisions. If the NZD/CAD hits strong support is not trending down on the larger time frames, the trader should exit the trade.

Best Pairs To Trade

Now that you know the best time frames to use and how to set up your charts, now here is a list of the best pairs to trade. Any combination of the top 8 most liquid currencies is good for this charting and time frame system. The top 8, most liquid currencies are the USD, CAD, EUR, GBP, CHF, JPY, AUD and NZD pairs. There is a total of 28 pairs.

As is the case for any new trading system or charting system, we ask all traders to demo trade this system and to be responsible. However you will be impressed with the way you are able to see the pips and movement cycles. You will no longer be a prisoner to the horrible technical indicators that almost all forex traders use every day. You will see that the daily movements in the forex market are caused by the strength and weakness of the individual currencies in each pair. Your entire vision of the forex market will change.

Summary and Conclusions About Forex Time Frames:

Forex traders often ask questions like: What is the best Time Frame To Use?, the answer is most likely all of them. The higher time frames and lower time frames can both be utilized to improve your market analysis and trade entries, all time frames play a role. Combine this with professional alert systems and signal systems presented here into a winning trading system.

1 – Telegram App Update 9-1-2023

Effective September 1, 2023 our push alert system has moved to Telegram.

Download the Telegram app to all of your devices.

Email us at the admin@ email address.

We will send you the link to enable all of your devices for the push alerts.

All of our alert systems like news calendar, price alerts, live heatmap alerts, market scanner, etc. are all listed in Lesson 16 alert systems. Leverage all of these alert systems to always know when the forex market is moving.

Updates To Other Alert Systems

Our alert systems and documentation are all being reviewed and or upgraded.

This is a new video about audible price alerts is now available, please watch it as price alerts are underutilized and mis-used by cients:  Price Alerts Video

Also the documentation related to the live heatmap alerts has been updated, see the link below. The heatmap alerts (red dot badge system) has been deployed to three pages in the members area, and above both heatmaps.  Make sure you understand this alert/ market status system well: Heatmap Alerts System

Also our market scanner app in the members area has been revanped and streamlined, the user interface and clocks have been simplified, and an Eastern Standard Time clock has been added.

End of Alert Systems Updates

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2 – New Subscriber Welcome 

Purpose: Initial email sent to new Paypal subscribers from the administrator Admin@ email box.

Subject: Welcome to ForexEarlyWarning.com

Welcome to Forexearlywarning.com, Here are the instructions for using the trading plans: trading plan instructions. Bookmark our sitemap to stay organized and to locate most of your resources quickly. Make sure you can login and access the members area including the trading plans and The Forex Heatmap®. Continue reviewing the rest of our website and associated resources over time, like the 35 forex lessons. Let us know if you have any questions about our system or need a phone or Skype consultation by email. See the “contact us” page for our support email addresses. You can also use the “search” feature on the bottom of the homepage or blog search box to find anything on our website.

Site Search Box

Please watch this 10 minute video which will provide you with a complete introduction to Forexearlywarning and overview of our trading system, plus how to get support. Do you know what a profitable trade looks like? Here are some examples of strong heatmap signals and price movement for various pairs.

As a paid subscriber you are eligible to access our notification apps, which send push alerts to you to notify you when the market is moving across 8 currencies. You can get the push alerts sent to the Chrome, Firefox or Safari desktop browsers. Push alerts can also be sent to your Android or iOS mobile device by downloading our mobile app. See this link for mobile app setup instructions. If you have questions about setting up these push alerts email admin@ email address, we highly recommend these two alert systems.

3 – Multiple Issues Subscribing

Purpose: When we encounter an issue with a new subscriber that can only be solved by deleting their entry in the subscriber database.

Subject: Problem Subscribing to ForexEarlyWarning Resolved – Please Re-Subscribe

You have been experiencing difficulty subscribing to ForexEarlyWarning. Because of this, we have manually removed the erroneous entry from our database. You can try to now subscribe again as a new subscriber and everything should work fine. We are glad to have you as a part of our community of traders.

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Resources For Google Chrome Book Users

If you use a google chrome book, setting up Metatrader 4 is difficult to get web based charts. Here are some resources for setting up Metatrader 4 on your laptop or desktop computer. Metatrader 5 is not a good option or work around because it lacks the features we need for setting up the Metatrader profiles and is not available to most USA traders for good quality web based charts. Other web based charting platforms are expensive. Community Outreach: If you have better resources or know of a better way to do this let us know and we will update this document.

MT4 Workarounds for Chromebooks or people who need web-based charts. Youtube video for how to install MT4 on chromebook and enable Linux on your Chromebook. Video of How to run MT4 on a thumb drive in portable mode. Running MT4 from a flash drive. Information on Admiral Markets Website, a Non USD broker about MT4 Webtrader For Chromebook. Use Metatrader 4 MT4 on an external external hard drive.

Forexearlywarning is now on Trustpilot. 100% of our ratings are 5 stars! Read all of our organic 5-star reviews about our complete trading system. Forexearlywarning has professional market analysis tools, trend indicator setup by individual currencies, multiple live alert systems like push alerts to your phone or desktop, live signals system for 28 pairs, and trend-based trading plans. This is a complete and profitable trading system. Check out our Trustpilot Reviews on the link below.

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If you have a cryptocurrency wallet you can purchase a one year subscription to Forexearlywarning for $240 worth of any crypto on ERC-20. If you own a quantity of Bitcoin, Ethereum, USDCoin, Binance or other cryptocurrency, we can accept payment using this method. We accept all coins listed on the Coinbase exchange. One years subscription is 240 USDC or eqivalent and on this offer there is no refunds. We will pay the transfer fee on the crypto. Contact us at our partners@ email box for payment instructions and we will get you our Coinbase wallet address. Or contact us at our partners@ email box with any questions.

Coinbase Payment Methods

In this article we will show forex traders a great Metatrader 4 setup for forex trend analysis and how to monitor 28 pairs and 8 currencies for price breakouts. We will show traders how to set up the charts by individual currency. This will provide all forex traders with the best Metatrader setup for trend trading, determining what currencies are weak or strong, and knowing what pairs have the most potential for pips.

Download Metatrader 4

Start by downloading Metatrader 4 to your laptop or desktop computer. We recommend contacting your forex broker or looking on their website for their exact instructions. Instructions for downloading MT4 might vary from broker to broker. Your broker should have downloadable Metatrader 4 versions for windows, Mac OS or Linux operating systems.

MT4 can be downloaded using several web browsers, including Internet Explorer, Google Chrome and Mozilla Firefox. Regardless of which browser you use, follow the steps on the broker website. For windows operating system you will download the controller from the broker website then open it to install Metatrader 4 on your hard drive.

Download Metatrader 4

These instructions are for MT4 setup on laptop or desktop computers. Most brokers also have App store or Google play mobile versions to setup Metatrader on your mobile device or phone.

Metatrader 4 Setup For Trend Analysis

After you download Metatrader 4 you can remove any default charts on your screen. Open up 28 charts for all pairs comprised of the 8 most liquid currencies. This would be the USD, CAD, EUR, GBP, CHF, JPY, AUD and NZD pairs. 28 pairs total. Now install some exponential moving averages based on the 5 and 12 time periods. These exponential moving averages will be used for trend analysis. Check the complete setup instructions for the forex trend indicators and your charts should now look like the one shown below:

Metatrader 4 Setup Trend Analysis

These are very simple trend indicators, but become very powerful when set up by individual currency. So next step is to group the pairs by individual currency. There should be 7 pairs in each group. For example, group all of the EUR pairs together side by side. The EUR/USD, EUR/JPY, EUR/CAD, etc. should be grouped side by side. You can also use the metatrader profiles for the individual currency setup if you like. The bottom tray on Metatrader should look like the image below for the EUR pairs. Then repeat this process for the top 8 most liquid currencies.

Metatrader 4 Setup For Trend Analysis

Why Setup Metatrader 4 Charts By Individual Currency?

In the case of the EUR pairs, so you can tell if the EUR is consistently strong or weak so you know when to trade these pairs, and in which direction. Example: If the H4 or D1 time frame is pointing down on all 7 EUR pairs listed, you know the EUR is weak and driving the movement. If the EUR pairs are mixed just go to the next currency. Since you can set up your charts this way for 8 currencies there is usually something trending up or down every week. You can learn more about the fundamental principles behind this setup for forex market analysis with parallel and inverse groups of pairs, it works and is powerful! Forex traders always say they are looking for an edge in their forex trading. Setting up your trend charts this way by individual currency will give you that edge and open up 28 pairs to your potential trade horizon, with lots more pips.

How to Analyze Individual Currencies With Metatrader 4

After Metatrader 4 is set up by individual currency. You can begin analyzing individual currencies for consistent strength or weakness, along with setting up some accurate trading plans. For this daily task you can utilize our forex market analysis spreadsheet. For example, if all of the JPY pairs are pointing up on the D1 time frames, you know that the JPY is weak. Then you can set trading plans to buy these pairs, estimate the price targets, and set price alerts for the breakouts.  When the price alerts hit you can verify any buys with The Forex Heatmap® like the example trade above.  This process works for the top 8 currencies we follow.

Metatrader Setup Trend Analysis

Metatrader 4 Setup For Price Breakouts

Now that you have your trend indicators set up for trend analysis lets setup the same charts to monitor for price breakouts in both directions on any time frame. Metatrader 4 has a price alert functionality that looks like the image below:

Metatrader 4 Setup Price Breakouts

At the bottom of the Metatrader 4 screen click on the “Alerts” tab then set price breakout alerts in either direction on any pair just above or below the current pricing, if the pair is trending. When the alert goes off you will hear an audible alert that repeats until you shut it off. Traders can also set price alerts to monitor for price reversals, and for profit targets to scale out lots or exit trades. The Metatrader 4 price alert functionality is a fantastic tool for trend traders to monitor for price breakouts, and it works great for all traders. When the price alerts hit you can look at the procedures below to verify if you have a valid entry point. You can also check our illustrated article about price breakouts for more breakout examples.

How To Enter Forex Trades With MT4

Now that you have your setup on Metatrader 4, we can review how to successfully enter trend based trades with this system. Example trade entry: A trader sets a price alert for the EUR/AUD for a resistance breakout.  Wait for the main trading session. The price alert goes off, then you must verify the buy trade entry on this pair.

Traders can use The Forex Heatmap® forex heatmap to verify their trade entry. In this case the AUD is weak and is driving the movement. You would use the smaller time frames and heatmap signals to verify the buy to enter the trends on the higher time frames, like the H4 time frame and larger.

Metatrader 4 Setup Signals

Metatrader 4 Setup Chart

This trade entry system using Metatrader 4 can be used for trend based trade entries, and for shorter term trades against the trend or on ranging pairs. This trade entry system can also be used for day trading. The system work very well for 8 currencies and 28 pairs.

Traders can also manage trade exits with MT4. If a trader sells the EUR/CHF and this pair is hitting strong support, these levels can be clearly seen on Metatrader 4 using the support and resistance cross hairs. Activate the cross hairs to see that this pair has heavy support at the 1.0700 level. This is a profit taking point on any sell trades and possible reversal point back to the upside. Since you have your charts set up by individual currency you can check all of the EUR pairs support levels quickly using the support and resistance cross hairs.

Metatrader 4 Support Resistance Levels

Metatrader 4 Setup Videos

Our website is loaded with many illustrated articles and lessons. We also have a library of 10 videos to explain how to setup Metatrader 4. This includes basic chart setup and more setups using the Metatrader “profiles”. After reviewing more information on our website and also our videos,  you will have a full professional chart and indicators setup for market analysis and entering trades for 28 pairs. Our trading system works and is profitable.

In this article we will explain to forex traders how the spread is calculated on the most liquid and commonly traded currency pairs. This will give traders a better understanding of market structure and market participants. We will also explain why the bid/ask spread varies throughout the day.

What Is The Spread

The spread is the difference between the bid price and the ask price.

Forex Spreads

Look at the example above. You can see that the spread for the EUR/USD is 1 pip, but the spread for the USD/JPY is 3 pips. To calculate the spread, subtract the bid price from the ask price, the difference is the spread. For the USD/JPY 110.52 – 110.49 = 0.03 which is 3 pips. This is the transaction cost to the trader of executing the buy or sell trade when you buy or sell the USD/JPY with this particular broker.

In recent years the spreads have been tightening on the top 8 most liquid currencies. Traders should be able to trade the top 28 pairs comprised of these 8 currencies without any problem. Due to increased liquidity and trading volumes on most forex pairs, you will now see most spreads expressed with an extra significant digit, 5 not 4. The spreads will be shown in tenths or 1/10 of a pip.

Forex Spreads Tenths

Look at the CAD/JPY bid and ask spread in the example above. The spread is expressed as 3.3 pips. 89.520 – 89.487.

Bid Price And Ask Price

When a trader conducts a trade, they always buy at the ask and sell at the bid price, like at a live auction. The bid price is the highest price that all current market participants are willing to pay for a currency pair. The ask price is the lowest price rate at which the real time are willing to accept to sell the same currency pair. The difference is the spread, and in real time these are called “spot” prices.

How The Spread Is Created

In the example above the Bank A and Bank B, etc. might not be banks. They could be anybody, like a retail forex trader with a few mini lots, a broker or other dealer, a liquidity provider, or it could be a bank too. All market participants, small or large, are side by side. The highest bid and lowest offer is what creates the spread.

An ECN broker allows all market participants, big or small to find a counterparty for their buy or sell order and trading positions. Small retail investors are trading side by side with larger institutions. No conflict of interest. Bid and Ask quotes are created by the market, not the broker. All of the retail traders and liquidity providers are in the same electronic market side by side and the spread is created by the highest bid and the lowest offer from all participants. The role of the broker is strictly an intermediary between the individual trader and all other market participants.

With an ECN the spread will vary throughout the trading day. So retail traders remember this: a market order is not the bid or ask price you see, it is the next available price. The price you get may or may not be the same as what you see when you place your buy or sell order. Traders can use limit orders if they want to specify their prices.

Fixed Versus Variable Spread

The type of spreads that you’ll see on a trading platform depends on the forex broker and how they make money. There are two types of spreads, fixed and variable or floating. Fixed spreads are usually offered by brokers that operate as a market maker or “dealing desk” model while variable spreads are offered by brokers operating a “non-dealing desk” model.

Fixed Spread – Variable Spread

The choice between fixed and variable spreads depends on your trading style, risk tolerance, and market experience. It’s crucial to understand the characteristics of each type of spread.

Example Gold Spreads

What Does The Spread Indicate

The spread on the spot forex market indicates two different things. The pair with the lowest spread is the EUR/USD. This is because the Euro and the US Dollar are the two most liquid currencies, so when combined they create a pair with the lowest spread. So the spread is an indicator of liquidity and trading volume. The lower the spread the higher the liquidity and popularity of that pair.

But spreads on the spot forex are not constant throughout the day. In the main trading session the spreads are always the lowest, and this is likely the best time to trade the forex market. Outside of the main trading session spreads will widen due to lower number of market participants. So spreads will vary based on time of day.

Forex traders who are considering getting a funded forex trading account from the5ers, FTMO, or any other top level forex funding provider, will need a trading system or strategy to qualify for the funds. In this article we will show traders a low drawdown trading strategy which will help them qualify for a funded forex account. This low drawdown trading system will work well with with the top forex account funding providers.

the5ers, FTMO Do Not Provide A Trading Strategy

the5ers and FTMO, along with the other funding providers provide live capital and funding to forex traders. Traders who have good trading skills, but are short of money to fund their own live account can use these two firms for capital. These capital and funding providers a very valuable service for forex and gold traders, however they leave the trading style or trading system entirely up to the trader.

Most forex traders are familiar with things like fundamental forex trading, news trading, and the use of technical analysis indicators. We are proposing that traders seeking funding use a much better trading system, with low drawdown, to match the funding providers drawdown parameters listed in their funding programs. This is a trend based trend based trading system with much more accurate, low drawdown trade entries. Forex funding providers like the5ers and FTMO all have drawdown limits, so a low drawdown trading system will work well at getting traders a funded forex and gold trading account.

All forex and gold trading funding providers have different leverages, payout percentages % and drawdown limits on funded accounts. When attempting to qualify for funding or trading a funded account, the funding providers have written daily and weekly drawdown rules that must be met to get account funding. The drawdown percentages vary widely, between 1% and 10%. So accurate trade entries are necessary to meet the funding providers drawdown rules.

What Is The Best Trading Strategy to Get Forex Funding?

If you are looking for a trading system, trading strategy or style to help you get third party funding for your trading account, we can offer you a great option with the Forexearlywarning trading system. Traders need to seek out and identify a profitable strategy before they seek funding, then demo trade their strategy and system. Forex traders who are interested in a trend based based trading system and trade entry confirmation will like Forexearlywarning.

The Forexearlywarning trading system is a trend based trading system. The system uses some simple trend indicators applied across multiple time frames, and we also use support and resistance levels for price breakouts and targets. We use real time indicators to assist with trade entries.

The system and strategy we use is for daytrading, or trade entries into the trend for swing trading on the H4 time frame. Our entry tool will provide trade entries into the higher time frame trends also, like the D1 or W1 trends, for longer term positions. Trade entry points with this trading system can be very low or nearly no drawdown. We have a specific set guidelines for trade entry points and timing.

Here is an example trade entry for the GBP/JPY or CAD/JPY. As you can see the JPY was consistently weak against the most liquid currencies on this trading day. Our live signal system, The Forex Heatmap® forex heatmap , pointed traders to buys on these two pairs. The movements on all of the JPY pairs were strong across the board. In one trading session, hundreds of pips were possible, with little to no drawdown.

This is what forex traders need to qualify for a funded forex trading account. They need clear, real time signaling systems and strong movement cycles. This trading system and indicators works the same way for the 8 most commonly traded currencies, and 28 pairs total. Forex traders trade popular pairs like the EUR/USD and GBP/USD. But now traders can open up their trading to many more pairs as well as gold and increase their pip totals.

The 5ers FTMO Trading Strategy

The 5ers FTMO JPY Charts

We also provide traders with the trend indicators you see in the JPY pairs image above  image. Traders can use these exponential moving averages to group pairs by individual currency, like grouping all of the JPY pairs together on one screen. This single currency analysis will help all traders find more high probability, low drawdown trades. We can also show traders many more forex trade entry examples for 28 pairs, including popular pairs like the EUR/USD and GBP/USD.

If you are a forex trader who is making comparisons between FTMO versus the5ers, or other funding providers, remember that whatever forex funding provider you decide to use, you will still need to have a great forex trading system. We believe the Forexearlywarning trading system offers the best trading system and strategies for daytrading and swing trading the forex market. Check out our great article about how to get a funded forex account with more details about the the5ers, FTMO funding programs. This article has details on how to find top level funders.

Conclusions About the5ers, FTMO trader funding programs:

We believe these forex funding providers are providing a valuable service to forex traders to give traders access to funded forex trading accounts. But none of these funding providers provide traders with a high quality, low drawdown trading system.  Forex traders need to trade accurately to qualify for a funded forex account. We believe the Forexearlywarning trading system is way ahead of most or all of the other trading systems we have seen at providing low drawdown trade entries and consistent, positive trades. The Forexearlywarning trading system should be part of any trader’s attempts to qualify for 3rd party forex funding.